4.7 rating out of 577 reviews

User profile - Roslyn Torella.
Roslyn Torella
At first I was really impressed with the customer service I received from RenoFi. My project was to fund a renovation for a home that I had 100% equity in, no outstanding mortgage but would need to have a renovation loan because of its current value was lower than what I wanted to borrow. We started the process in late February, I uploaded all the necessary docs to the secure portal and the appraisal was scheduled around March 10th. Everything seemed to be progressing fine but then major delays set in. The appraisal was received by RenoFi within a few days but the underwriting process took forever. I was told to expect 4-6 weeks from start to finish. I was given a conditional approval in late April/early May and told then that my loan would be finished "soon". My loan was finally approved in the second week of June - a full 13 weeks from when I started. Another concern that I had was beinging requested to send documents with my personal and financial information via email rather than uploading them to the secure RenoFi portal. I had to repeatedly ask to have the portal re-opened to upload documents so I did not have to send them via unencrypted and unsecure email. I feel that I would have been better off going directly to a lender than through RenoFi.
2 years ago
User profile - Jennifer Jiggetts.
Jennifer Jiggetts
The agent I worked with was very slow to get back to me. We wasted weeks waiting for a response from Renofi. Huge waste of time. We were told by renofi that we were approved for 200k. So we started some work knowing the bank process would take some time. The bank ended up no approving us for the loan. What a waste of time. Would not recommend Renofi
3 years ago
User profile - Nitesh M.
Nitesh M
too long to get an approval
a month ago
User profile - Sam Lo.
Sam Lo
Waste of time and ding on your credit for loans they are confident you will qualify for. I was denied one that they was sure I would get approved for. They then said they couldn't believe it and Ryan's own words "we are confident you will get approved by this lender. And I was not. and than had another hard inquiry on my credit. They ghosted me after the second denial. They lie and make you feel like you are guaranteed to get the loan. They should never tell someone they are confident they will get approved when at the end of the day they don't make the decision themselves. DO NOT USE RUN AS FAST AS YOU CAN. HORRIBLE CUSTOMER SERVICE.
2 months ago
480